Majority of brokerage houses advised subscribing to Aavas Financiers issue with long-term perspective, but not for listing gains as the issue is fairly priced and FY19 earnings multiple do not leave much upside in the near term.

This investment of Rs 130 crore is in line with IFC's strategy to increase access to affordable housing finance to promote inclusive growth and the mission for housing for all by 2022, the company said in a statement.